Procurement Signals
Commodity procurement signals
Daily market intelligence across base metals, energy, precious metals, and steel. Filterable by category, updated continuously as markets move.
Steel & Iron2026-07-27
Rebar prices diverge globally as China rallies, Europe and Turkey stall
Rebar prices diverge sharply: Chinese futures up 10.6% in July on stimulus speculation, while European and Turkish markets stay range-bound with weak constructi
Steel & Iron2026-07-27
Stainless steel market splits: 304 slides, 316 holds firm on molybdenum strength
304 stainless slides 4-6% below March highs on nickel weakness and Asian oversupply, while 316 holds firm with a 25-40% premium driven by tight molybdenum suppl
Steel & Iron2026-07-27
Scrap steel holds steady with Turkish demand soft but scrap costs providing a floor
Deep-sea HMS 1&2 into Turkey trades at 73-383/t CFR, below April peaks but above lows, as weak Turkish mill demand caps upside and elevated scrap procuremen
Energy2026-07-27
Fuel Oil Markets Tighten as Refinery Margins Hit Four-Year Highs and Global Bunker Availability Constricts
Refined product cracks and refinery margins surged to four-year highs in July. Singapore fuel oil stocks dropped below 18 million bbl on a 24% decline in net im
Energy2026-07-27
Brent Slides to $90 on Red Sea De-escalation But Geopolitical Risk Remains Elevated
Brent crude fell 8.23% to $90.28/bbl on July 27 as the US military confirmed the Red Sea waterway remains open. Brent surged 22% over the past month and 30% yea
Energy2026-07-27
LNG JKM Hits Four-Month High Above $21 as Middle East Crisis Tightens Spot Market
Singapore-based JKM LNG benchmark surged to ~$21.0/MMBtu, up 32.6% month-on-month and 75.5% year-on-year, as Middle East supply disruptions tighten prompt avail
Industrial Minerals2026-07-27
Gallium Market Fractured as China Export Controls Create Two-Tier Pricing for Semiconductor-Grade Metal
China gallium at ~$289/kg versus Western semiconductor-grade at $2,300-2,350/kg as export controls create an 8x premium. High-purity material in acute tightness
Industrial Minerals2026-07-27
Cadmium Market Tight as Zinc-Linked Supply Constraints Meet Growing Solar and Battery Demand
Cadmium at $3,900-5,000/MT range as zinc-linked supply constraints meet growing demand from Ni-Cd batteries and CdTe solar. Zinc production disruptions in 2026
Industrial Minerals2026-07-27
Bismuth Prices Up 267% Year-on-Year as Pharma Demand and Export Controls Tighten Supply
Bismuth prices have surged 267% since early 2025, with USA at $69,230/MT in Q1 2026. Structural by-product supply constraints and export controls keep the marke
Industrial Minerals2026-07-27
Antimony Market Fractures as China Export Controls Widen Price Divide Between Domestic and Western Markets
Europe antimony at $33,700/t, more than double China domestic at $15,940/t, as export controls fragment the market. The 50%+ spread is now structural rather tha
Industrial Minerals2026-07-27
Tungsten Market Stabilizes After Historic Supercycle as APT Holds at 660,000 RMB/t
Tungsten APT at 660,000 RMB/t in China as market stabilizes after Q1 supercycle. Structural deficit of 20,000 t/y persists. Buyers should use the correction win
Industrial Minerals2026-07-27
Magnesium Prices Consolidate in Sideways Range as Strong Supply Meets Steady Demand
Magnesium ingot prices at 16,300-16,700 yuan/mt in July as strong supply balances steady downstream demand. Buyers should consider forward contracting during th
Battery Metals2026-07-27
Rare Earth Prices Surge as China Tightens Export Controls
Rare earth prices surged in July 2026 with NdPr oxide at US12-116/kg, dysprosium at US11-217/kg, and terbium at US,033-1,042/kg. China export controls and EV ma
Industrial Minerals2026-07-27
Silicon Metal Prices Remain Subdued as Global Oversupply Persists
Silicon metal prices remain near multi-year lows with China 441 at $1,450-1,500/t. Global oversupply persists despite low capacity utilization. Polysilicon and
Battery Metals2026-07-27
Vanadium Market at Inflection Point as VRFB Demand Accelerates
Vanadium prices near multi-year lows at V2O5 $9,300-13,000/t. VRFB battery demand expected to surge in H2 2026. Analysts project market moving from oversupply t
Steel & Iron2026-07-27
Molybdenum Prices Hold Firm on Strong Stainless and Alloy Steel Demand
Molybdenum prices firm at $33.70/lb FOB China in July 2026. Strong stainless and specialty alloy demand keeps the market tight. Chinese concentrate supply const
Steel & Iron2026-07-27
Ferrosilicon Prices Recovering Modestly as Steel Demand Firms and Energy Costs Support
Ferrosilicon prices recovering in July 2026 with China 72% FeSi at ¥6,800-8,000/t, up 4.6% QoQ. Stronger steel demand and firm energy costs support prices after
Steel & Iron2026-07-27
Ferrochrome Holds Firm as Stainless Steel Demand Supports Elevated Prices
Ferrochrome prices elevated at $1,200-1,500/t in July 2026. Robust stainless steel demand and South African supply constraints support pricing. CBAM carbon cost
Industrial Minerals2026-07-27
Titanium Dioxide Prices Under Pressure as Chinese Overcapacity Weighs on Market
TiO2 prices under pressure in July 2026 with China rutile pigment at $2.10-2.20/kg, down 4.4% MoM. Chinese overcapacity creates a global buyer's market wit
Forest Products2026-07-27
Lumber prices hold near one-year highs as tight supply offsets soft housing demand
Lumber prices hold near one-year highs at $654/MBF on CME futures. Supply constraints and Canadian tariffs support prices as single-family housing demand remain
Forest Products2026-07-27
Wood pulp market mixed: softwood tightens on Canadian closures, hardwood remains weak
Wood pulp market diverges: NBSK tightens on Canadian mill closures at $678/t futures, while BHKP remains weak at $550/t with ample hardwood supply and soft Chin
Forest Products2026-07-27
Kraft paper demand grows steadily on plastic substitution and e-commerce packaging trends
Sack kraft paper market valued at $13.8B in 2026, growing 4.9% CAGR on plastic substitution and e-commerce demand. Pricing power moderate, linked to pulp and en
Steel & Iron2026-07-27
Iron Ore at $98: Surplus Builds as Chinese Steel Margins Compress and Seaborne Supply Grows
62% Fe iron ore at $98/t CFR China, trading in $90-$110 band. Chinese steel margins near decade lows, port inventories at 160Mt. Seaborne supply from Australia,
Steel & Iron2026-07-27
US HRC Steel at $1,200: Section 232 Tariffs and Capacity Discipline Keep Prices Elevated
US HRC steel at $1,200/ton, up 42% YoY, supported by 50% Section 232 tariffs and disciplined mill capacity. Nucor at $1,135/st. Demand growth 1.8% with infrastr
Energy2026-07-27
Natural Gas at $3.15: Summer Cooling Demand Tests Storage as LNG Exports and Production Growth Balance the Market
Henry Hub futures steady at $3.15-$3.34/MMBtu as summer cooling demand pushes power burn toward record levels near 49 Bcf/d. LNG exports strong, production grow
Energy2026-07-27
WTI at $70: The Hormuz Risk Premium Has Evaporated and OPEC+ Supply Is Flooding Back
WTI crude near $70/bbl as the US-Iran ceasefire reopened the Strait of Hormuz. OPEC+ approved four quota hikes since April, US shale at record output. EIA proje
Precious Metals2026-07-27
Platinum's Fourth Consecutive Deficit: South African Supply Decline Meets Hydrogen Demand Diversification
Spot platinum near $1,600/oz with WPIC forecasting fourth consecutive deficit of ~300,000oz. South African output declined 26% over two decades. Hydrogen demand
Precious Metals2026-07-27
Silver at $58: Sixth Consecutive Deficit, Industrial Demand at 58% of Consumption, and a Gold-Silver Ratio at 69:1
Silver at $58.55/oz, 52% below January peak. Sixth consecutive supply deficit with 46.3Moz shortfall. Industrial demand at 58% of consumption. LBMA consensus at
Precious Metals2026-07-27
Gold at $4,000: 28% Below the All-Time High but the Structural Case Remains Intact
Gold at $4,000/oz, 28% below the January record. Central banks bought 244t in Q1, China extends buying streak to 20 months. Gold surpassed US Treasuries as larg
Base Metals2026-07-27
Lead at $1,880: ILZSG's 109,000t Surplus Caps the Market While Battery Demand Provides a Floor
LME lead near $1,880/t as ILZSG projects 109,000t surplus for 2026. LME stocks at decade highs after Trafigura's record delivery. Battery demand provides a
Base Metals2026-07-27
Tin at $50,000: Supply Constraints from Myanmar and Indonesia Keep the Market in Structural Deficit
LME tin near $50,000/t as Myanmar's Man Maw mine only partially operational and Indonesian export permits remain tight. Semiconductor demand grows 3.5% whi
Base Metals2026-07-27
Nickel Stabilizes Near $17,300 as Indonesia Keeps Quotas Tight but Record Inventories Cap the Rally
LME nickel at $17,372/t recovers from June correction as Indonesia keeps quotas tight. But record 468,600t combined inventories and weak stainless demand cap th
Base Metals2026-07-27
Zinc at $3,600: LME Tightness Masks Weakening Steel Demand and a Market Headed for Surplus
LME zinc at $3,610/t as concentrate tightness drives LME stocks to crisis lows. But SHFE stocks are swollen and steel demand is weakening. ILZSG forecasts near-
Base Metals2026-07-27
Aluminum's Structural Deficit Deepens as LME Stocks Hit 2022 Lows and China's Cap Holds
LME aluminum at $3,165/t with inventories below 300,000t — lowest since 2022. ING forecasts 600,000t deficit. China's 45Mt cap and smelter disruptions keep
Base Metals2026-07-27
Copper at $14,000: The Surplus Has Arrived but Physical Tightness Complicates the Picture
LME copper at $14,000/t as ICSG flips to 96,000t surplus for 2026, but SHFE stocks collapsed 82% since May and Yangshan premium at $115/t signals acute physical
Industrial Minerals2026-07-27
US Caustic Soda Faces Downward Pressure in H2 2026 as Supply Improves and Demand Weakens
US caustic soda faces H2 2026 downward pressure as supply improves and demand stays weak. Capacity expansion nearing completion. US FOB at $450/MT, China at $91
Chemicals & Plastics2026-07-27
Polyethylene Buyers Hold Maximum Leverage as Third Straight Inventory Build Drives Prices Lower
Third consecutive PE inventory build. June contracts declined double-digit cents/lb. HDPE export prices down 25% from peak. Buyers hold max leverage as no suppl
Chemicals & Plastics2026-07-27
Polystyrene Market Split: Lower July Benzene Contracts Meet INEOS Styrolution Closure and Crude Volatility
INEOS Styrolution closes 400,000 mt/yr Channahon facility. July benzene $1.25/gal lower supports near-term PS price relief, but crude spike to $79/bbl threatens
Chemicals & Plastics2026-07-27
PET Resin Prices Continue Feedstock-Driven Decline as July Contracts Set for Another Drop
July PET contracts expected down ~4.5 cents/lb as paraxylene and PTA values slide. Seasonal beverage demand steady but not reversing the downtrend. Gulf Coast h
Chemicals & Plastics2026-07-27
ABS Prices Near Year Lows as Capacity Glut and Weak Demand Weigh on Q3 Outlook
China ABS prices at 8,900-10,450 RMB/MT, down 25-30% from March highs. Capacity additions and weak appliance demand pressure Q3 outlook as benzene cost relief f
Chemicals & Plastics2026-07-27
Methanol market caught between MTO weakness and Middle East supply risk
Methanol prices at USD 440/mt NE Asia as weak MTO margins idle Chinese capacity. Middle East supply risk provides a floor. Methanex Q3 contract at EUR 915/mt.
Industrial Minerals2026-07-27
Soda ash prices remain under pressure as global oversupply and weak glass demand persist
Soda ash range-bound at USD 160-185/mt FOB Qingdao amid global oversupply. Glass demand stays weak. Solvay Torrelavega cut is first formal capacity reduction.
Industrial Minerals2026-07-27
Caustic soda markets diverge as US EPA deadline and European closures reshape supply
Caustic soda prices diverge: China at USD 109/mt, US at USD 358/mt. EPA deadline and European plant closures reshape global supply dynamics for H2 2026.
Chemicals & Plastics2026-07-27
PVC market stabilizes near cycle lows as Chinese exports surge and construction bottom-fishing begins
PVC prices stabilize at USD 740/mt CFR China as exports surge. India opens to US PVC after BIS relaxation. Construction shows early bottoming signals.
Chemicals & Plastics2026-07-27
Polypropylene prices ease from Q1 spikes as propylene costs normalize and demand softens
Polypropylene prices ease from Q1 spikes to ~USD 1,420/mt NE Asia as propylene costs normalize after Hormuz disruption. European PP at USD 2,340/mt trending dow
Agricultural2026-07-27
Rice Prices Near 17-Month High as Geopolitical Risk and El Nino Concerns Offset Record Global Supplies
Rice futures hit $14.12/cwt on July 27, highest since February 2025, up 6% month-on-month. Middle East tensions and El Nino concerns drive the rally despite rec
Agricultural2026-07-27
Cocoa Prices Stabilize Near $5,400/MT as First Supply Surplus in Years Loosens the Market
Cocoa futures at $5,330-5,500/t on July 27, down 36% year-on-year and more than 50% below the 2024 spike. The ICCO projects a small surplus of 48,000-75,000 ton
Agricultural2026-07-27
Live Cattle at $225/CWT as Historic Herd Tightness Collides with Falling Feed Costs and Weak Beef Demand
CME live cattle at $225.40/cwt on July 23, down 12% month-on-month. The USDA July 1 report showed the total herd at 94.2 million head, the first year-on-year in
Agricultural2026-07-27
Lean Hogs at $100/CWT as Tighter U.S. Breeding Herd and Strong Export Demand Offset Rising Pork Production
CME July 2026 lean hog futures at $100.40/cwt. The USDA June Hogs and Pigs report showed total inventory at 73.7 million head, down 2% year-on-year, while stron
Agricultural2026-07-27
Orange Juice Prices Cut in Half From 2024 Spike as Brazilian Recovery Eases Global Supply Crunch
FCOJ futures at approximately 158-175 USc/lb in July, down 51% from the 52-week high of 306.60 USc/lb. A 26% recovery in Brazil's Sao Paulo citrus belt ora
Agricultural2026-07-27
Palm Oil Range-Bound Near RM4,500/Tonne as Rising Malaysian Inventories Offset Indonesia's Structural Demand Growth
Malaysian CPO futures range-bound at RM4,450-4,600/tonne. Malaysian June output rose 8.1% month-on-month. Indonesian Jan-May production surged 10.7% year-on-yea
Fertilizers2026-07-27
Urea Stable at $451/t as Chinese Exports Flow and India Tender Looms | Rzzro
Urea at $451/t CFD as Chinese export quotas normalize supply after April Hormuz spike. India tender expected in August. H2 outlook ~$440-470/t.
Fertilizers2026-07-27
DAP at $910/st US Retail as China Export Restrictions Keep Global Supply Tight | Rzzro
DAP at $910-912/st US retail, 13% higher YoY. China export restrictions through August 31 keep global supply tight. India kharif CFR at $930-935/t.
Fertilizers2026-07-27
Ammonia Under Pressure as Chinese Exports Rise and Demand Remains Tepid | Rzzro
Ammonia CFR at $650-750/t under oversupply pressure. Chinese exports rising, fertilizer demand below seasonal norms. Henry Hub stable at $3.19/MMBtu.
Fertilizers2026-07-27
Potash Steady at $310-380/t as Best-Priced Major Nutrient in 2026 | Rzzro
Potash at $310-380/t US Corn Belt, best-priced major nutrient. Record 76.6 Mt MOP output in 2024. EU sanctions on Belaruskali extended through Dec 2026.
Agricultural2026-07-27
Cotton Settles Near 80 Cents as Ample Global Supply Offsets Steady Demand
ICE cotton holds near 79-80 c/lb with Dec futures at 81.2 c/lb. US planted area up 6% to 9.85M acres. Brazilian exports strong, US export sales slowing.
Agricultural2026-07-27
Sugar Slides Below 15 Cents as Global Surplus and Strong Brazil Output Weigh on Prices
ICE raw sugar #11 slid to 14.76 c/lb as global production projected at 189.3M t, up 8.3M YoY. Brazil's ethanol-heavy mix provides some floor near 13-14c.
Agricultural2026-07-27
Coffee Eases on Improved Supply as Global Crop Growth Weighs on Arabica Premiums
ICE Arabica at 260.60 c/lb, pressured by 6% global production increase. USDA projects larger Brazil and Vietnam crops. Market shifts from deficit to surplus.
Agricultural2026-07-27
Soybeans Hold Near $12 as Record US and Brazil Crops Meet Steady Demand
CBOT soybeans near $12/bu, highest since May 2024, up 24% YoY. Record US crop of 4.475B bu and Brazil crop of 180.3M t provide ample supply. Steady Chinese dema
Agricultural2026-07-27
Wheat Near Three-Year High as Black Sea Disruption and Weather Concerns Drive Rally
CBOT wheat surged ~19% in July with front-month futures near three-year highs. KC HRW at highest since Aug 2023. US ending stocks cut 20% YoY to 722M bu.